Warren Buffett releases an annual letter to shareholders of Berkshire Hathaway Inc., a company where he is the CEO. Berkshire Hathaway is among the largest companies in the world. It is ranked among the top companies globally with the highest turnover. The investment firm was set up many years ago, but Warren Buffett only managed to join it in the 1960s. When he joined he took a major shareholding position in a short time and rose up the ranks of management. He would later become the CEO of the form and lead the firm into becoming one of the best companies in the globe worth hundreds of billions.
In his annual letter to shareholders, he takes a look into various issues that have happened in the business sector for the last one year and informs his followers on the impact they have had or the effects they will have in the future. In 2017, some of the things which he touched on included the hedge funds, shares purchases by large companies and politics.
In 2017, newsletter, Warren Buffett took a swipe at the hedge funds manager for taking the huge chunk of profits generated. Clients end up with a little to themselves. Buffet went ahead to reveal his own ten years performance and compared it with that of the hedge funds. While his stock is 85 percent up, other competing hedge funds are at 22 percent and below. Buffett believes hedge funds are charging exorbitant fees which should not be the case.
The “Oracle of Omaha” was a supporter of Democratic nominee Hilary Clinton. In his newsletter, he kept off the matter of politics. He said nothing about the policies that President Donald Trump has so far implemented as president. However, he pointed the need for the country to work in harmony, whether immigrant or not to achieve the greater goal of pushing the economy higher.